Wallace, CA
Population 743 · California
About Wallace, CA
Wallace is a small community in California with a population of 743 residents. The median household income is $113,462 per year, which is above the national average. The median age in Wallace is 40.4 years.
Housing in Wallace has a median home value of $562,500 and median monthly rent of $0. Of the 238 total housing units, the majority are owner-occupied, with 161 owner-occupied and 77 renter-occupied units.
The unemployment rate in Wallace is 5.5% and the poverty rate is 0.0%. 39.4% of residents hold a bachelor's degree or higher. The average commute time is 60.9 minutes.
Cost of Living in Wallace, CA
Compared to national averages, Wallace has a median household income of $113,462 (51% above the national median of $75,149). Home values average $562,500, which is 130% above the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within California, Wallace's income is 16% above the state average of $97,829, and home values are 14% below the state median of $653,874.
Why Live in Wallace, CA?
Wallace offers a strong local economy with a median household income of $113,462, well above the national average, and rent that’s lower than the national average at $0/month, and a well-educated community where 39.4% of residents hold a bachelor’s degree or higher. Additionally, the city features a low poverty rate of 0.0%, better than the national average.
Potential considerations include a competitive housing market where the typical home costs $562,500. However, Wallace’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Wallace has a population of 743 with a median age of 40.4 years. Compare Wallace with other cities to see how it stacks up, or explore all cities in California.
Similar Cities Near Wallace
Cities in California with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Mi-Wuk Village | 743 | $132,870 | $549,100 | Compare |
| Alta | 740 | $94,718 | $468,200 | Compare |
| Deer Park | 740 | $108,261 | $1,065,900 | Compare |
| Hickman | 749 | $88,906 | $523,600 | Compare |
| Kenwood | 750 | $125,221 | $884,100 | Compare |
| Lakeside CDP (Kern County), California | 734 | $0 | $0 | Compare |
| Patton Village | 732 | $0 | $72,200 | Compare |
| Aguanga | 756 | $0 | $0 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in California
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Wallace
What is the population of Wallace, CA?
The population of Wallace, CA is 743 according to the latest Census data.
What is the median household income in Wallace?
The median household income in Wallace, CA is $113,462 per year.
What is the median home value in Wallace?
The median home value in Wallace, CA is $562,500.
What is the average rent in Wallace?
The median monthly rent in Wallace, CA is $0.
What is the unemployment rate in Wallace?
The unemployment rate in Wallace, CA is 5.5%.